Reviews

Controlling “the market for lemons”: institutional analysis of adverse selection problem

R. M. Nizhegorodtsev^a, D. I. Yaroslavskaya<sup>b

a</sup> Institute of Control Sciences, Russian Academy of Sciences
^b Finance Academy under the Government of the Russian Federation

Abstract: The paper examines key institutional problems related with adverse selection in contemporary markets. The reasons evoking adverse selection, its consequences, opportunities and methods to control the situation and, at the best, to overcome the adverse selection are discussed.

UDC: 330.88+338.24